The Influence of Ratings on International Finance Markets
ISBN:
978-3-8244-7218-5
Auflage:
2000
Verlag:
Deutscher Universitätsverlag
Land des Verlags:
Deutschland
Erscheinungsdatum:
29.11.2000
Reihe:
Gabler Edition Wissenschaft
Format:
Softcover
Seitenanzahl:
213
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
The nineties have witnessed a boom of capital flows towards emerging markets which found an abrupt end with the Asian financial crisis in 1997/98. During and after the Asian and Mexican financial crises investors complained about the inefficiency of rating agencies and blamed them for enforcing the dynamics of financial crises.
Julia von Maltzan Pacheco discusses strengths and weaknesses of rating agencies within international markets of sovereign finance. She also presents policy options that focus especially on measures, which could prevent severe crises in international financial markets. An empirical study shows that rating agencies are important market players in international financial markets and that they need to improve their performance and to adapt their rating assessment constantly to the latest events.
Julia von Maltzan Pacheco discusses strengths and weaknesses of rating agencies within international markets of sovereign finance. She also presents policy options that focus especially on measures, which could prevent severe crises in international financial markets. An empirical study shows that rating agencies are important market players in international financial markets and that they need to improve their performance and to adapt their rating assessment constantly to the latest events.
Biografische Anmerkung
Dr. Julia von Maltzan Pacheco promovierte bei Prof. Dr. Gerd Hansen am Lehrstuhl für Ökonometrie der Universität Kiel. Sie war Konsultant im Development Centre der OECD in Paris und ist heute als Kapitalmarkt-Analystin bei der BBA Creditanstalt S.A. in Sao Paulo, Brasilien tätig.
